REDEEMED CHRISTIAN CHURCH OF GO [RCCG] CENTER OF JOY PARISH Chailty REG.No: 1122987 TRUSTEES. REPORT AND ACCOUNTS FOR THE YEAR ENDED 30TH APRIL 2021 MOSES-8OLE&CO CHARTERED CERTIFIED PROFESSIONAL ACCOUNTANTS I TAX ADVISERS & BUSINESS CHARTERED MANAGEMENT CONSULTANTS Unlt 4L, Leroy House Buslness Contre 436 Essex Road. ISLINGTON London N1 3QP Tel: 0207 704 2S25 REDEEMED CHRISTIAN CHURCH OF GOD- [RCCG] CENTER OF JOY PARISH CONTENT Trustses and Advlsers Trustees. Report Indgpendont Examlner 5 Report to the Trustse8 Statsment of Fin#nclal Actlvltiès Balance sheet Note6 f<)rn)ing part of the Flnan¢lal Ststem¢nt 7t020 REDEEMED CHRISTIAN CHURCH OF GOD- [RCCG] CENTER OF JOY PARISH LEGAL AND ADMINISTRATIVE INFORMATION Genaral overseer: E.A.Adeboye Trustees: Oluseun Ajibola Olubajo Olufunsho Abolanle Adepoju Adejare Moradeyo Adesanya Olakunle May Oluwadare Registered Office: 6, Copperfield Road Thamesmaad London SE28 8QB Minlster In Charge: Pastor Olatope Adekahunsi Treasurer: Ovie Khator Charity No 1122987 Bankers Barclays Bank PIC 93 Lewlsham High Street London Accountants MOSES-BOLE & CO Certified Professional Accountants l Tax Advlsers and Business Chartered Management Consultants Unit 4L, Leroy House Business Centre 436 Essex Road. Islington London N13QP R•serv8 P¢llry Al this level. the trustees feèl thrit they woijld be able to contlnue the current activltles of the church in IhL' evenl of si8nlficant drop In fundlnB, Prlnclpil Fundlrf Yliis is providÈd mainly throu8h volvntjry tithes and olferln85 by th? churcli members and thiough gift aid s¢lieme. Plv.dges are also iaken for speclflc projects. statement of Trnstees, Responslbllltl Ilili Chiiritle5 Act re.uuires the Trustees to prepare fiftancial Siatements lor each Ilnancjal yeat. wlilch Rivc a true and faif ¥lew of the surplus or dEfi¢li of the diarity for thai yerio(l. of the state of affairs of the charlty and In preparin8 those finiin¢lal statements, tht IfUStee5 are requtstÈd to= l. Se.I¥Li sviiabkb arLoiintln£ poliries èfid thtn apply thèm consistentlv.. 11 M¢ikt' IitrtRempiit% and PSiim4tes that ore reBsunabie 3nd prudeni; ill. 5idte whether 4uplicable Bccouiitin¥ standard5 ailtl %taiemerits i)f IKoiniiseiidi¥(I PlaL*ice have biipn followed. subj¢4Ct til dny ¢Jepariures disclosed 4tiid expld117tlil 115 the linaA¢itsl %tiilQ.ments' l¥ p￿part thp liflhiicial statements on Ihe 8olni fOnfC+Tn IJ41SiS uiiless it IS IF>aPI?ropiiate io p￿￿rn Ilidt ihe cliaiily will toi)Iinue 111 operaiion. Ihe Tlusiees arè iespohslbie for keepiii¥ Proper Attountinp Fefords which dlstlo%e with reasonable acriJrJcy al any tltiie Ihe flnancl41 posIt￿Oft ol thÈ charily and io enJhlÈ them lo th&t ih tliiaqciAI st¢Jtpnipiits coniply wllh the Charllies Ati 2011. Tliey are 1150 responsiblp Ir)r safegi)ardln ii<%i't.. tsf thp 1114111y and hence lor takins teasonable stops lur tlie preveiitlon ai?d delvctlVFI Ot Titsslees diid otlivi irif¢>ziiiotlon Ihi. Itivml)ets ol rlif¥ ADAirt nf T11151e&s who sefved durin8 the yeaf wer¥'.: liliistriiil Ajib(Jlil Oliibajo olts111114110 Ahoioiilp hdi'polu Ad('jarp Mi¥r4dpyo Adoshllv Olakuiili,. Mil¥ Qluwidiiwe Apprvval 3.lils iepori was approved by th* 8oard ol Truyees oft the 16 and 5Èr￿.1ary to ihe Board otrTTUStees. MOSES-BOLE & CO ITrIUEPENDENT EXAMINER'S REPORTTO THE TRUSTEES IIEDEEMED CHRISTIAN CHURCH OF GOD [RCCG] CENTRE OF JOY PAR I report on the accounts of the charity forthe year ended 30th Aprfl 2021, which are set out below and notes to the financial statements on pages 7 to 17. Respertive responslbilities of Trustees and Examiners As the Charit¢s Trustees, you are responsible for the preparation of the accounts- you consider that an audit is not Tequired for this year (under section 144(21 of the Charity Act 2011lthe 2011 att) and that an independent examination is needed. It is my responsibility to Examine the account lunder section 145 of the Actl- follow the procedures laid down in the General Directlons given by the Charity. Commission (under section 145{51 Ib) of the 2011 Att and State whether particular matter5 have come to my attentlon. Basls of Independent Examinerfs report My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes review of the accounting records kept by the Charity and a comparison of the accounts presented with those record5. It also includes consideration of any unusual items or disclosures in the accounts. and seeking explanations from you asthe Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is gNen as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below. Independent Examinerfs Statements In connertion with the examination, no matter has come to my attention:_ 11 Which give me reasonable cause to believe that in any material respect the requirements To keep accountlng records in accordance with section 130 of the 2011 Act; To prepare accounts which accord with the accounting records and to complywrf(h the accounting requirements of the 2011 Act have not been met or 2) To which. in my opinion, attention should be drawn In order to enable a proper understanding of the accounts to be reached Moses O E Igunnubole. BA (HON&). FAIA CPF4 FFA, FIP Managing Principol CPA. FIC... MOSES-BOLE&CO Ch(7rtered Certified Forensic Accountants Certified Profe55ionol Accountontsno and Busine55 Chartered M(7nagement Consuftonts DA T£." 2022. Tél l +4410120770425] j Er￿￿0 I l￿H￿J5esU5i￿S%Cefitre.Un￿ ij. Fax 144410) 2073Y 2035 IA*bl MYwJno¥e54thxt10 Tith98 and offerirtg received from the Mern￿[S are in th8 na&Jrgcl a tyftare as Donal￿r and L8g¥c S•ttl•m•nt of Inwr4nv elalm• nsuranc8 daims are only irKluded in the SOFAWW th& g￿ra1 I￿4)M& r8(i*Jnttion critefia met15.10 ts) 5.12 FRS 102 SORPI and ore indLhled as On rbn of otsr 1rKjJr￿ in the SOFA Inv••tm•nt g*ln$ and lo** Thi8 includas any r88lised or unreali58d gains or108w on the of inv8Btrnwts 8ThJ any 9ain or 10$8 resulting from revaluiThJ irtvestrnents to martel value altr* ￿th* yw. 2.3 EXPENDITURE AND LIABILITIES Ll•blllty Mcoonltlon Li8bilrtie8 arg recognisod ￿ere it mor• likgly Ih8n Mtthatthfft 08 a bpgl or c0rffjtsu￿ obllw'c commitb'ng lh8 charity to pay out T￿Ourf￿ and the aft￿unt of th• ctyg•tiw can b& maa5ur>J w Support costs haw txan allocated govem8rKa to6ts and ¢)V*rsupwt. GMrnan¢￿ oJ8ts tomprisg all etssts Invo￿1ng put4ic ￿¢￿￿n￿￿"1fy ol Ihe dwrity and ts c£ryliance with regul￿.00 and good prn¢bce. Support Gosts indude t4Trtr¥l functh)n8 •nd t*i alo*J to a¢￿ty cr*t catho)rw on a b•818 on8i8lant Mth thg U8• of resourc*8, eg allocating preF•ty cc4ts byfiooi•rea8. or Fer ¢g￿la. staff costs by tm ¥m• 6pgnt #nd rAxts bythw w. Thg ¢h•nty 18 not ¥*ordmg qr•ntto any rxgon•o1 Where thgm arn no cond￿'0n6 attxhlng to 9rant th* 8nabkn• ts donN rtharity to Mll•ti￿lfy avoid the commStm•nL a li￿111ty full fvTrJir¥J obligati￿ must te fwn*•d. R•dundan¢y ¢o•l The Charity mad• no reduThJarKy PaYn￿n￿￿￿￿j9 th• F•rtxl. No matsn'al item of dthrrod 5ncc*tw has b••n I￿￿d￿l in IM ¥K¢rrtwts. Cr•dltorn Thg tharty h•5 uedrtor¥ whlch are rrwwrnd at 8011kn￿ntarnoUM1 W anytra(kn (lisc￿nI• Provl•lon• for Il•tslllll• A liability 18 meo$ured on recOgn￿on at it8 h￿￿riCal eost and Ihen subsequenty mMswe(l at th be&t e8tim8te ofthg amtyjnt wuired to Éétde the at the [V￿"r1d date B••le hln*ncl•l In•trum•nts The ¢harity aceounts for basic finarrial inslnwrtnts on initial recc8nitK￿ as F•rp8wraph 10.7 FRS 102 SORP. Sub8èqu8nt mawfèmènt k8 89 per p3ragrnFts 11 17 to 11.19. FRS 102 SORP. 14 ASSETS T•nglbl• Ilx•d for 4w by eharlty Th8se a￿ ¢apit81ised If they bè used for more than rTh yaar. cost at least They arè valued at cost. daprecktion rates and rnethc*ts used a￿ dHch)sed in nots 14. 10 Int•nglbl• fix•d a•••ts Th8 ch8nty h88 1ntsrglb￿ ffiy&Y 85sets, that ks. non-mc4*tary a55ets thatdo not have physical Eubstanc6 but are idenbfiable and are oxtrolbj by ts d￿rrtY IhrW ￿$It•* or193al r¥Jhts. Tho amorti$ation Tates and methr*Js us•d are disdcsgj in nots 151lw arn 8tcrnL Th8 thaftty has herita98 assets. that is, non-M0￿ry assets wth artrt suenti technologKal. 9eophy31cal or envirOn￿n￿l qualibeslhat a￿ aNJ Maintsin￿ princjpalty forts'r conlribution to know￿9& and C￿￿1r¥. The deW8Ca￿ltin rate5 aThJ m8thc*ts as disd0$￿ in Tr)te 16. Thoy are valued at cost. Inv••tm•nts Fixed 8¥set 1nveslments in quotsd shares. traded b)r¥Js aTrJ *mil8r in¥*strents af8 Valu￿ at inrtialty al c08t and sub6equenlJy atfair value Ilheir martet value) atth• year eTrJ. Th8 trgatsiient i¥ 8pplièd to unli5tsd investrn•nts un￿8$ faIrval￿ canr*Xb• reliabty in Iw¢ rt me8sur8d at cost Impalm￿rt Inv•8lments h8ld for r•sale or ￿1r 8alg ond cash arKi eath *UN&lents o mgtunty d of ￿$8 than 1 y&ai are tMat•d 81 C￿rnt 88081 In￿81m*nI1 •txk• and wovk In pro•M Stocks held f¢X $010 8s partof nOn-th•nIab￿ tr•Jg ar• mo88UEvd alth• lo*w orto•t or nat M•1*ob￿ v•lug. Goods or Sem￿$ provided a¥ part of • ¢harrtabK8 actNity aTr Mèasu￿ at r•all8abkn va b#Bed on tha 8•rwc• potenbol provided by itwns of stcd. Work In progmss 18 valued at cost ths any for•seg8blè I￿that fj• W to ocaw on fv gJnlrnL#. D•blov• Debtors (Ind￿ling trad8 debtorn and Ioqf* roc•ivablel ar• initial rncognrf￿n at #èttlement amount 8ft•r any trad• di8￿unts ¢x amount advanc•J by the thwity. Sthwu*)ty. tl are m8a8ured at tho or Ott￿r cO￿de￿￿on •yped•a to b? 1oc8iYed. CuTh•nt *M•t Inv••tbMnt• The charity h06 has inve$trnanis wthif* itholds for r••th or￿Trai￿J their ￿ and c••h aTrJ fa8h •qulvol¢nts Wth a malunty dat• t•s• than on• The89 Ind￿je on d¢po*t and t88h gqUNalonts vrith 8 matunty of than om year for in¥•*trment purpo*8 rother than to m801 short tènn c•$h ￿mm￿entS 88 Ihey fall d￿. They arn val￿d atlalr Val￿ exc•pt wher• Ihtyiwalfy as b••icfmMad irtthmenlj. POLICIES ADOMD ADDITIONAL TO OR DIVFEReMT IROIA TIIOSE ABove Thern is no ony othor F4Jlia88 ¥bJptsd. 11 REDEEMED CHRISTIAN CHURCH OF GOD CENTER OF JOY PARISH NOTES TO THE ACCOUNTS CONTINUED FOR THEYEAR ENDED 30TH APRIL 2021 Not• 3 Prlor FwKl• Fumls Fundi FurKIs Funds Don•tlon¥ •nd 1•g*¢1 r1thes & OffBring5 BuihJin9 73,499.75 3,408.18 14,492.09 0.61 11.400.63 87.986 4,080 19,284 73.499 75 3,408.18 14.492 09 0.61 91W.83 Intrast RecaN¢d Yotsl 111.363 Interest Incom6 txthdend Incom• Rentsl and18a5in9 Inctyfie other. G8wi on oflAotOfV8hkJ• 1.5Tr).CXI 1.sws.00 1.SOO.00 TOTAL INCOME 92.900.03 92.900.03 111.363 rn••on f•r th• ¢onv•Y•bwk amount •nd prf•f REDEEMEO CHRISTIAN CHURCH OF GOD CENTER OF JOY PARISH NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 30TH APRIL 2021 Not• 4 AThalys15 of •xp•ndlts Prtor Fund FurKI& Funds DIRÉCT COST G￿AJd AdMin￿1r9￿ Honouranum Inislry EX￿r￿￿￿￿48n(*ffl￿f Stipends & and Wages Chok, Key board and ooks, CD$ and T8p85 1.594.13 1.594.13 2,121 1.7 12,39) 19,850 25 1.354 30 4,135 12,CiQ.IXI a.5￿.c 12.rxx).LKI 8,5W.th) 103.15 10315 C￿aning PAYEINIC Other tk)n8lk)n8lGM]. Wo118re & HoK•alty Rent Rep8irn aThY m8lntharK* Prtnting, Postsge and 4,19928 2,140.82 47.638.33 216 343. 4,199.28 2.140.82 47.&38.33 216.¢J) 343.56 54,037 100 314 97,868 SUPPOftT cosr Tekphme IrwrarK8 Hotels Travel ExC4r￿S Bank Charges Refreshm6rt and EntertahKn•nt D8preaation E￿ctrtdty. Ggs. F￿1 4rn1 He Smart Pension Motor Exp8rAes rwjt Covhj Expense8 Equlpment EMperA¢d Worfd Ev¥nge4sm Mwsi Afrkan m￿8￿)[￿0th¢r ￿r*h 1.$59.49 871.OB 1.559.49 871.08 2,083 1,406 123 105.( 184.83 75. 5,219.49 105.00 184.83 75.tKI 5219.49 1.89). 1.542.76 207.IKI 1,749 1,110 1.850 4.798 2.904 1,149 255 1.542.70 207. 1,749.38 133 536 T￿21 TOTAL eXP•IIDrruRe 90,87&48 ¥NJ,874 118.230 REDEEMED CHRISTIAN CHURCH OF GOD CENTER OF JOY PARISH NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR EIIDED 30TH APRIL 2021 Not• S D•t#lls of cgrt*ln ol •xpe*dOthr• 5 Fee$ for examination of the xo)unts Please provide details ol the amount paid for any slabjtory extml scnrfiny of *xourts and other services Provided by your independent examinw. If rthing was paid Floas8 •nter'(Y in the appropriale boxlesl GOVERNANCE COST Thls Y￿r La*t Y Independent 8xaminorf$ foes L8gal Fees Book-keeping & Ac(x)untanGy 920. A8surance sèrvicgs ollwthan au(Mt or 1Thj￿ftd8m examinatson 8￿1( 1,215 Tax 8dvi$ory fees 14 REDEEMED CHRISTIAN CHURCH OF GOD CENTER OF JOY PARISH NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 30TH APRIL 2021 Noto 6 Tanglblg Ilx•d a¥•ets ixlu V•hKI• Atth8 beginning of the ytsar 52.194.93 1.688. 53,882.93 A￿dIt￿nS R•valuotyons Dl8po8818 1.888. 1.888.00 Transfers. (Add or D•du(*l Ai gnd of the year 61194.93 IJ2 194.93 8.2 DeproclatSon and lmpBkn￿ntr "Basls Buildings Fixtijros & Fittlng$ EquipThnt Motor Veh￿8 Com uler 5.45% ￿1)hI Lkn• 10% Stra*ht LM 10% SIA4ht Ltr• 25% Stra*aht Lm 25% 'R8t At beginnlng of Ihè y￿r Dl8pos8L DepreCia￿On Impairrmnt Tran8fern' (Ald or Dedudl Al gnd Off￿ ￿•r 34,733.88 1.888.C#) 1.688.¢XI 38,421.88 1.888. 5,219.49 5219.49 39,953.35 39,953.35 6.3 N•t book valu• Nét book valu8 at the Of￿ Yr. N¢t book value Bt the ond olthe ywr 17,481.07 12241.$8 17,481.07 12.241.68 6.4 Imp4lrm•nt Pl•25e provid• a d68￿Pt￿n ofth* and c*wnthce8 thal l&J to rwnlkn or r•vtrrso1 olan Impai￿nI 0.5 R•v•lu¥tlon If an actountlng pc4W of r•v8luatbJn kn adty)t•a. pleue wo¥th.' tho •ff•¢tiv• dots OF lh• r•v•lu￿Ain # WA th• n8m& ol lTrJ•F•rthnt vak*r. rfaFvlkabb- WA th8 m•thed8 •P￿Ied and 8*nrfkant NIA th• carrying amount that￿￿￿1 t••n re¢ogn4ed thè iwn und•rtho co81 m)Yel. 6.8 Olh8rd*¢lo•ur lil Please ststs the amount Of borro*SrvJ ￿ts. Ifany, In ￿ corotruL*on of larqi xed 86$8ts and th• cap￿talk*a￿"0n r8te u88d.= NIA 1111 Pleaye prowd• the amount c•mmlbnen16fortt* •t4iM6ilhin oftaryt* assets. = NIA liiil Details ofthe ￿lSter￿8 AThJ artwunts ofprtwty. charity has restrietod ￿that are F48dpJ 85 58¢JJiltyft*1o￿"I1B8.= NIA REDEEMED CHRISTIAN CHURCH OF GOD CENTER OF JOY PARISH NOTES TO THE ACCOUNTS CONTINUED) FOR THE YEAR ENDED 30TH APRIL 2021 Not• 7 D•btors and prepaym•nts Please complete this note.rf the charty has any de￿9 or prep0yrrn￿. 7.1 Analysls of debtors Thls Yoar L•st Yaar Trade debtors Prepaym8nts and inmn8 Other debtors Total Please complete 7.2 where a maten.al debtor is recoverab￿ m¢xe than a year after tha reporting d*e. 7.2 Analysls of deblor8 recoverable in more than 1 year (i￿lud9)J in debtors above) This Y•ar La•t Y•ar Trade debtors Prepayments and accrued irh>3mo other debtors Total 16 REDEEMED CHRISTIAN CHURCH OF GOD CENTER OF JOY PARISH NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 30TH APRIL 2021 Mot• 8 ash at bank artd In h8A Thls Y￿1 Last Yaar Short lemi cash investmerts (less than 3 nKrfths m81urity dale) Short lem deposit$ Cash at bank and on hand Other Total 6.533.50 5,696.44 2,080 5,140 11229.94 7,219 17 REDEEMED CHRISTIAN CHURCH OF GOD CENTER OF JOY PARISH NOTES TO THE ACCOUNTS (CONTINUED FOR THE YEAR ENDED 30TH APRIL 2021 Nol• 9 Cr•dltoYs and x¢rualG Please complete this note rf the charty has any creditry5 or ￿rU815. Amounts falling due after more than one year 9.1 Analysls of credltors AnTh)unts falling due wthin one y Accruals for grants Payable Bank loans and overdrafts other Credrtors Paymen15 racewa on account for contrxts or per Accruals and deferred incc¥ne Taxotion and social security Taxation and soual wurty Total 2.270.00 2370.00 9.2 D•f•rr•d Incom• Please complete thi8 note rf the charty has dderred InD3m8. Ple888 exp18in the rea8on8 why irK>)me ￿ defeW￿l. Movement in deferred irKLwne &count Th1• Ywr Last Yèar Balan¢a at the start of Ihe rep)rting period Amounts added in current period Amount8 released to Incthne frcm prv4KM perioJs Balan￿ at the end of the reKKffts'ng THERE IS NO DEFERRED INCOME DURING THIS PERIOD 18 REDEEMED CHRISTIAN CHURCH OF GOD CENTER OF JOY PARISH NOTES TO THE ACCOUNTS CONTINUED FOR TrIE YEAR ENDED 30TH APRIL 2021 Mot8 10 If the charty h88 any transa¢b"on$ reL#t•d pathes lotywthan tho ewainad in guidance notes) detsils of such transa¢tior* té in thi5 nots. 11 Ihare no lrnnsadty)n5 lo report. plaase enter'Twe' in the box or'Fahe" rtt￿re are transa￿.¢￿ to rBPJt 10.1 Trust•• r•mun•ratlon and tJon•fft• None of the trustEes have trKen pth a#y remurera1￿n or [￿N￿j any Irryn an employmgntwnth t￿"r chanty or a r•WJ enlty ITru8 orFa*ol In ￿ Ferknd the tharity has pa*J tru4toes romuwatb)n **J b&)8fts. Pkn*• lh8 8rrKwmt d, and legal authonty for, any rernunernb.on orots b8nofft8 to a Iru6teg by th8 thrity or wy 8btutK)n or cornpany Con￿ rnounts aij or t*n8frt ¥al Thi8 Y8aT P8nsiDn Last Yoar TOTAL Nam• of tru•t•• L•g81 auth¢Mty Iw order, gowm doeumont) R&Yundancy duding ofoffic8Vex TRUE TRUE TRUE TRUE TRUE TRUE TRUE NO r•mun•rntlon orothor gmpioym•rt bArnfft• warn P￿1. Ylhgr• on •x gr•tla paynwnt b••n mwknto * Iru•i••, wovk* In •xpl•rtlon olth• r*turn ofth• ￿YMOnt REDEEMED CHRISTIAN CHURCH OF GOD CENTER OF JOY PARISH NOTES TO THE ACCOUNTS {CONTINUED FOR THE YEAR ENDED 30TH APRIL 2021 Mot• 11 Addltlonal D15closuros THERE ARE NO ANY significant matters which arg not covered In othgr notos and need to be Included to provida a proper under4tanding of the accounts. 20